Silicon Labs approves 2024 bonus plan for employees including executive officers

SILICON LABORATORIES INC.

Plan approved by Compensation Committee on Jan 25, 2024; covers all regular full-time/part-time employees including executives.
Bonuses based on criteria such as adjusted operating income, EPS, revenue, gross margin, or management objectives (e.g., new product introductions, DEI metrics).
Payouts generally made 4-6 weeks after measurement period; no later than 15th day of third month following end of period.
Plan does not constitute guarantee of employment or create vested rights; company may modify or eliminate at any time.

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